small finance bank: Capital Small Finance Bank eyes Rs 14,000 ...
21 October 2024
Capital Small Finance Bank Limited is looking at its total business rising over Rs 14,000 crore by the end of current financial year on the back of growth in its advances led by MSME loans and mortgages. The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region.
Capital Small Finance Bank started operations as the country’s first small finance bank in April, 2016 after conversion from Capital Local Area Bank.
Prior to conversion to the Small Finance Bank, Capital Local Area Bank had been operating since January 14, 2000.
In the last financial year, the bank’s total business grew to Rs 12,000 crore with 12 per cent growth.
“We are looking to grow our business to more than Rs 14,000 crore (by end of 2023-24),” Capital Small Finance Bank Limited chief financial officer Munish Jain said on Tuesday.
The bank’s total advances stood at Rs 5,507 crore with 17 per cent growth while its deposits stood at Rs 6,560.62 crore with a high share of CASA (current account savings account) book at 41.88 per cent of the total deposits.
Capital Small Finance Bank Limited is looking at its total business rising over Rs 14,000 crore by the end of current financial year on the back of growth in its advances led by MSME loans and mortgages. The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region. Capital Small Finance Bank started operations as the country’s first small finance bank in April, 2016 after conversion from Capital Local Area Bank. Prior to conversion to the Small Finance Bank, Capital Local Area Bank had been operating since January 14, 2000. In the last financial year, the bank’s total business grew to Rs 12,000 crore with 12 per cent growth. “We are looking to grow our business to more than Rs 14,000 crore (by end of 2023-24),” Capital Small Finance Bank Limited chief financial officer Munish Jain said on Tuesday. The bank’s total advances stood at Rs 5,507 crore with 17 per cent growth while its deposits stood at Rs 6,560.62 crore with a high share of CASA (current account savings account) book at 41.88 per cent of the total deposits.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.